Your Bills While Your Case is Pending
Getting hurt in a car accident, slip-and-fall, or when using a defective product is more than just painful; it’s expensive. While you may have health insurance that covers the majority of your medical expenses, making a co-pay for each visit to your primary care doctor or specialist adds up. Plus, there’s the work you’ve missed from visiting the doctor and taking the rest you need, costs to repair property damage, administrative costs… All these items take a toll on your bank account.
While the crush of bills might leave you tempted to take a fast but undervalued settlement offer, this is only a short-term solution, and will run out quickly without covering all the expenses from your injuries. Finding a good attorney who can give you the best possible odds of a strong recovery will be the best possible investment in a good financial outcome, but if you are concerned about making ends meet while you wait for your lawsuit to conclude, there are options available.
Medical liens
If you’ve been seriously injured, medical expenses can become difficult to manage, especially if you haven’t been able to work since you were hurt. Rather than leaving yourself broke from paying bills that your attorney feels confident the defendant will pay, explore whether your doctors will accept a medical lien. Medical liens will allow you to continue getting the treatment you need even if you’re unable to pay out of pocket. When your case is resolved, your attorney will pay your doctors directly from the compensation you’ve received.
Lawsuit settlement loan
If a medical lien won’t cover the full extent of your expenses, you may want to speak with your attorney about a lawsuit settlement loan, also known as lawsuit funding. These loans will offer you a cash advance on the amount that the loan company anticipates you will receive via a settlement or jury award, so that you can continue to get by while you wait for the slow wheels of justice to turn. Keep in mind that these loans can come with high fees and interest rates, so be sure to do thorough research on available lenders to find the best rates, and only turn to this option when you have exhausted other means of paying your bills.
If you are seeking compassionate, dedicated legal assistance for your personal injury lawsuit in New York’s Hudson Valley, contact the knowledgeable Goshen personal injury attorneys at Dupée & Monroe for a free consultation, at 845-294-8900.
